MOMENTA-W's stock price plummeted 5.05% during the intraday session on Thursday, marking a significant downward movement.

The decline is attributed to profit-taking pressure from investors, following a substantial surge in the stock's price two trading sessions prior. That earlier rally was driven by the announcement that Momenta Robotaxi had officially obtained Shenzhen intelligent connected vehicle road testing permits to conduct L4-level Robotaxi field testing.

With the positive catalyst now largely digested by the market, selling pressure has emerged, leading to the current pullback despite recent positive analyst coverage.